Europe Electric Power Steering Market Size- By Type, By Component Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Description

Introduction and Overview

According to SPER Market Research, 'Europe Electric Power Steering Market Size- By Type, By Component Type, By Vehicle Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Electric Power Steering Market is predicted to reach USD 9.16 billion by 2033 with a CAGR of 4.13%.

Electric Power Steering (EPS) is a cutting-edge automotive steering technology that has mostly replaced traditional hydraulic power steering systems. EPS employs an electric motor to help the driver in turning the wheels of the vehicle. Unlike hydraulic systems, which are powered by fluid pressure, EPS is powered by electronic control units and sensors. These components constantly monitor variables such as vehicle speed, steering wheel position, and driver input.

The COVID-19 outbreak has had a substantial impact on the Electric Power Steering (EPS) sector in Europe. Due to lockdowns, supply chain delays, and lower customer demand in the early stages of the pandemic, the automotive industry suffered a significant decrease in production and sales. This crisis had a direct impact on the EPS market, as automobile makers reduced output and delayed or canceled vehicle launches.

Scope of the Report

Report Metric Details:

Market size available for years: 2019-2033

Base year considered: 2022

Forecast period: 2023-2033

Segments covered: By Type, By Component Type, By Vehicle Type

Regions covered: United Kingdom, France, Germany, Italy, Russia, Rest of Europe

Companies Covered: JTEKT Corporation, Nexteer Automotive Group Ltd, NSK Ltd, Robert Bosch GmbH, ZF Friedrichshafen AG, Others

Europe Electric Power Steering Market Key Segments Covered:

By Type: Based on the Type, Europe Electric Power Steering Market is segmented as; Column Type, Pinion Type, Dual Pinion Type.

By Component Type: Based on the Component Type, Europe Electric Power Steering Market is segmented as; Steering Wheel/Column, Sensors, Steering Motor, Others.

By Vehicle Type: Based on the Vehicle Type, Europe Electric Power Steering Market is segmented as; Passenger Cars, LCV, Heavy Vehicles.

By Region: This research also includes data for United Kingdom, France, Germany, Italy, Russia, and Rest of Europe.

Product Code: AMIN23134

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Electric Power Steering Market

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Europe Electric Power Steering Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Electric Power Steering Market

7. Europe Electric Power Steering Market, By Type (USD Million)

7.1. Europe Electric Power Steering Market Value Share and Forecast, By Type, 2023-2033
7.2. Column Type
7.3. Pinion Type
7.4. Dual Pinion Type

8. Europe Electric Power Steering Market, By Component Type (USD Million)

8.1. Europe Electric Power Steering Market Value Share and Forecast, By Component Type, 2023-2033
8.2. Steering Wheel/Column
8.3. Sensors
8.4. Steering Motor
8.5. Others

9. Europe Electric Power Steering Market, By Vehicle Type (USD Million)

9.1. Europe Electric Power Steering Market Value Share and Forecast, By Vehicle Type, 2023-2033
9.2. Passenger Cars
9.3. LCV
9.4. Heavy Vehicles

10. Europe Electric Power Steering Market Forecast, 2019-2033 (USD Million)

10.1. Europe Electric Power Steering Market Size and Market Share

11. Europe Electric Power Steering Market, By Type, 2019-2033 (USD Million)

11.1. Europe Electric Power Steering Market Size and Market Share By Type (2019-2026)
11.2. Europe Electric Power Steering Market Size and Market Share By Type (2027-2033)

12. Europe Electric Power Steering Market, By Component Type, 2019-2033 (USD Million)

12.1. Europe Electric Power Steering Market Size and Market Share By Component Type (2019-2026)
12.2. Europe Electric Power Steering Market Size and Market Share By Component Type (2027-2033)

13. Europe Electric Power Steering Market, By Vehicle Type, 2019-2033 (USD Million)

13.1. Europe Electric Power Steering Market Size and Market Share By Vehicle Type (2019-2026)
13.2. Europe Electric Power Steering Market Size and Market Share By Vehicle Type (2027-2033)

14. Europe Electric Power Steering Market, By Region, 2019-2033 (USD Million)

14.1. Europe Electric Power Steering Market Size and Market Share By Region (2019-2026)
14.2. Europe Electric Power Steering Market Size and Market Share By Region (2027-2033)
14.3. United Kingdom
14.4. France
14.5. Germany
14.6. Italy
14.7. Russia
14.8. Rest of Europe

15. Company Profile

15.1. JTEKT Corporation
- 15.1.1. Company details
- 15.1.2. Financial outlook
- 15.1.3. Product summary
- 15.1.4. Recent developments
15.2. Nexteer Automotive Group Ltd
- 15.2.1. Company details
- 15.2.2. Financial outlook
- 15.2.3. Product summary
- 15.2.4. Recent developments
15.3. NSK Ltd
- 15.3.1. Company details
- 15.3.2. Financial outlook
- 15.3.3. Product summary
- 15.3.4. Recent developments
15.4. Robert Bosch GmbH
- 15.4.1. Company details
- 15.4.2. Financial outlook
- 15.4.3. Product summary
- 15.4.4. Recent developments
15.5. ZF Friedrichshafen AG
- 15.5.1. Company details
- 15.5.2. Financial outlook
- 15.5.3. Product summary
- 15.5.4. Recent developments
15.6. Others